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Randy Blankstein and Jimmy Goodman of The Boulder Group represented the seller in the transaction
The Boulder Group, a net leased investment brokerage firm completed the sale of a net leased BMO Harris Bank condominium located at 201 South Grove Street, in Barrington, Illinois for $5,406,000.
The 30,531 square foot condominium benefits from its location in close proximity to Lake Cook Rd and South Northwest Highway (28,700 VPD). The building is also positioned directly across from the Barrington Metra Station (Union Pacific/Northwest Line) which runs directly southeast to downtown Chicago and experiences over 1,750 daily boarding passengers. Retailers in the immediate area include CVS Pharmacy, Walgreens, Jewel-Osco, Starbucks, McDonald’s, Heinen’s Grocery Store, and Shell Gasoline. There are 91,399 people living within five miles of the property with an average annual household income in excess of $173,627. Deposits for this location exceed $550 million.